BitMEX, a Crypto derivatives platform has collaborated with a provider of crypto data CryptoCompare in order to build a real-time crypto futures dataset, according to a press release shared with Cointelegraph on June 10.
Designed for institutional investors, the BitMEX cryptocurrency futures dataset will be delivered to financial markets data provider Refinitiv through the CryptoCompare contributions conduit. The tool will incorporate into the Refinitiv Eikon, which is a set of software products for financial professionals to monitor and analyze financial information.
Aimed at increasing transparency and confidence in the cryptocurrency markets, the product plans to attract greater institutional participation in the ecosystem. Arthur Hayes, BitMEX CEO comments on the initiative:
“When it comes to trading, good decision-making depends on access to solid data insights. We are pleased to deliver a new wealth of data on cryptocurrency futures for institutional investors that can contribute to their overall confidence throughout their decision-making process.”
Initially, CryptoCompare partnered with information company Thomson Reuters in July last year, to offer order book and trade data on 50 cryptocurrencies for the Eikon platform. CEO Charles Hayter stated at the time, that as markets mature will lead to growing incline from the institutional investors.
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